21Shares files for a spot Polkadot ETF, marking a first as it looks to get the US SEC signoff
Quick Take The firm filed a registration statement with the agency on Friday for the 21Shares Polkadot Trust. The ETF would trade on the Cboe BZX Exchange and would track the performance of DOT, the native token for the Polkadot Network.
Exchange-traded fund-focused firm 21Shares has filed for a spot Polkadot ETF in a bid to get the U.S. Securities and Exchange Commission's greenlight.
The firm filed a registration statement with the agency on Friday for the 21Shares Polkadot Trust, marking the first of its kind. It would trade on the Cboe BZX Exchange, Inc. and would track the performance of DOT, the native token for the Polkadot Network. Coinbase Custody Company, LLC will custody its DOT, according to the statement.
Earlier this week, Tuttle Capital filed for 10 leveraged crypto ETFs, including one tracking Polkadot.
Several firms have filed to list new crypto products in the U.S. amid an expected change in regulatory outlook under the Trump administration. Former SEC Chair Gary Gensler was hesitant to approve spot bitcoin ETF trading, for instance, but following a court order later approved them. A few months after spot bitcoin ETF approvals , the agency also greenlit spot Ethereum ETFs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs Identifies Key Trend Lines; Nasdaq's Last Line of Defense Is in Jeopardy
The Nasdaq 100 Index has declined for four consecutive weeks and is currently testing a key trend line connecting the 2025 and 2026 lows at 26,630 points. Despite strong third-quarter earnings, heightened risk aversion and surging panic indicators have led investors to factor in potential slowdown expectations for 2028, causing stock prices to continue falling. With significant outflows of foreign capital and sharp valuation divergences, the market is awaiting the test of this week's CPI data and chip giant earnings reports.
Goldman Sachs backs Oracle (ORCL.US): AI financing concerns may be exaggerated; risks of ongoing projects are controllable
Goldman Sachs maintains a "Buy" rating for Oracle with a 12-month target price of $206.
Why Are Bitcoin and US Stock Market Falling? Will the Sell-Off Continue This Week?
Midterm elections expose market vulnerability! AI trading faces rigorous scrutiny, U.S. stock earnings expectations may undergo major adjustments
The results of the US midterm elections and the subsequent market crash have exposed the vulnerability caused by the market’s excessive concentration of bets on artificial intelligence (AI). Investors may need to readjust their expectations for investment returns.
Crypto prices
More
